Author: Anita Bosman

Accra: TECHz – News Desk IQSTEL Inc., a global Connectivity, AI, and Digital Services company, announced a Binding Memorandum of Understanding (“MOU”) to acquire a 51% controlling interest in Ultranet Telecom Group (“Ultranet”), a fast-growing telecom and technology company headquartered in Ghana with operations across Africa and international markets. The transaction, expected to be the largest acquisition ever performed by IQSTEL, is projected to add approximately $130 million in annual revenue and approximately $4.5 million in net profit based on Ultranet’s FY 2025 audited financial statements. With this acquisition, IQSTEL reaches a major corporate milestone by surpassing a $500 million…

Johannesburg: TECHz – News Desk South African fintech firms Yoco and Stub have joined forces to launch a direct integration that simplifies financial management for independent businesses. The partnership connects Yoco’s payment platform with Stub’s online accounting software, allowing entrepreneurs to automate reconciliation and access real-time financial insights from a single system. The integration enables payment and sales information from Yoco to flow automatically into Stub as transactions happen. Once the data is transferred, Stub processes and categorizes entries, matches payments with invoices, and organizes sales according to specific devices or store locations. This creates a more detailed and accurate…

Lusaka: TECHz – News Desk MTN Zambia and Huawei completed the world’s first commercial deployment of new five-band LampSite solution at the Mulungushi International Conference Center. The solution combines 1.8 GHz, 2.1 GHz, 2.3 GHz, TDD 2.6 GHz, and 3.5 GHz in a single box and supports multi-band coordination for peak speeds of 1 Gbps. This deployment marks the start of a new phase of upgraded 5G indoor connectivity in Zambia. 2026 is a crucial year for scaling indoor 5G in Zambia, a country that has registered strong mobile network growth, evidenced by an expanding base of mobile Internet users…

San Francisco: TECHz – News Desk AethexAI, a voice AI infrastructure company building for enterprises across emerging markets, today announced a $3 million pre-seed round led by 4DX Ventures and the launch of its platform. The round included participation from Enza Capital, Dorm Room Fund, Mojo Ventures, 26 Fund and strategic angel investors, including Stanford faculty, telecoms executives and AI researchers from Anthropic. The funding will be used to scale enterprise deployments, expand engineering and go-to-market teams, and deepen product coverage across key regional markets. Voice remains a primary channel for enterprise customer interaction across emerging markets, and while many…

Muscat: TECHz – News Desk OMPAY, Omantel’s digital wallet and fintech platform, has introduced JEEL, a youth-focused extension that enables parents to manage younger users’ everyday spending through a secure and controlled digital experience. Integrated within the OMPAY app, JEEL allows parents to onboard children aged 7 to 17 in minutes, offering a more secure alternative to cash for allowances, school expenses, travel, and daily transactions. Parents can instantly transfer funds, monitor activity in real time, and maintain full visibility over how money is used. Named after the Arabic word for “generation,” JEEL reflects OMPAY’s focus on supporting modern family…

Las Vegas: TECHz – News Desk In an agentic AI world, organizations must act and defend at machine speed and scale. Cisco Cloud Control, unveiled at Cisco Live, is a unified platform built for humans and AI agents to manage, monitor and defend critical IT infrastructure – and the foundation for Cisco’s AgenticOps operating model. With one login, Cisco Cloud Control delivers a single view of Cisco networking, security, compute, observability, and collaboration in one secure environment. People and agents work from a single data layer, sharing the same operational context and the same system of action, while humans stay…

San Francisco: TECHz – News Desk Flutterwave has announced that it has now processed over 1 billion transactions, moving more than $40 billion in total payment value, marking a major milestone in its growth as one of Africa’s leading payments infrastructure companies. In a year-end reflection covering its progress through 2025, the company highlighted significant expansion across its payment ecosystem. Wallet-based collections surged by 289% in transaction volume, while bank transfer value rose by 184%, driven by increasing adoption of local payment methods by businesses and consumers. Flutterwave stated that it now supports payments in more than 50 global currencies…

Abu Dhabi: TECHz – News Desk UAE-based super app Careem is entering a new ownership phase after Uber agreed to acquire a 12.5% stake in Careem Technologies from e& for $100 million in cash. Under the agreement, e& will reduce its shareholding in Careem Technologies to 37.53% from 50.03% while Uber strengthens its ownership position in the company. The transaction remains subject to regulatory approvals and customary closing conditions. The move marks another shift in Careem’s ownership structure following e&’s acquisition of a majority stake in the super app business in 2023 through a $400 million investment. At the time,…

Purchase: TECHz – News Desk Mastercard announced a series of leadership updates that build on the company’s strategy and momentum by sharpening execution and deepening its customer focus in support of its continued growth. These moves reinforce the depth of Mastercard’s executive bench and the real value the company brings to its customers and partners. As part of these updates and continuous evolution, Mastercard is unifying its customer focus under one team to underscore its consistent support, coordination and accountability across all markets. The changes further reinforce how the company integrates the customer perspective into the development of its products…

San Jose: TECHz – News Desk Zoom Communications Inc. announced the launch of ZoomMate, an agentic AI work surface to help people move from workplace conversations to execution without losing context along the way. Built on Zoom’s system of action vision announced in March, ZoomMate connects live conversational context to agentic search, workflow execution, custom agents, and AI content creation. ZoomMate helps users overcome the friction introduced by fragmented tools and incomplete workflows by surfacing information across Zoom and connected business systems, creating deliverables from meeting and enterprise context, and coordinating follow-through across workflows without switching tools. This shift reflects…